Benefitfocus (NASDAQ:BNFT) Receives News Impact Rating of 0.27

Headlines about Benefitfocus (NASDAQ:BNFT) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Benefitfocus earned a news impact score of 0.27 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.7821919780241 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s rankings:

Several research firms have issued reports on BNFT. Wells Fargo & Co set a $30.00 target price on Benefitfocus and gave the stock a “buy” rating in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research downgraded Benefitfocus from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Berenberg Bank set a $29.00 target price on Benefitfocus and gave the stock a “buy” rating in a research report on Thursday. BidaskClub downgraded Benefitfocus from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Finally, Jefferies Group lowered their price objective on Benefitfocus to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Benefitfocus has an average rating of “Hold” and a consensus target price of $30.67.

Shares of Benefitfocus (BNFT) opened at $23.55 on Friday. The company has a debt-to-equity ratio of -2.39, a current ratio of 1.08 and a quick ratio of 1.08. Benefitfocus has a 12-month low of $21.75 and a 12-month high of $37.10. The stock has a market capitalization of $770.89, a price-to-earnings ratio of -28.04 and a beta of 0.98.

Benefitfocus (NASDAQ:BNFT) last issued its quarterly earnings data on Wednesday, March 14th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.06). The business had revenue of $66.80 million during the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter last year, the business posted ($0.09) EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. analysts expect that Benefitfocus will post -0.8 EPS for the current fiscal year.

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Benefitfocus Company Profile

Benefitfocus, Inc (Benefitfocus) is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Company’s services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk.